On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $ 11,360 Cash withdrawals by owner 14,000 Consulting revenue $2,000 14,000 3,250 Rent expense 46,000 Salaries expense 3,550 7,000 18,000 Telephone expense 760 8,500 Miscellaneous expenses 84,000 580 Also assume the following: The owner's initial investment consists of $38,000 cash and $46,000 in land. The company's $18,000 equipment purchase is paid in cash. Cash paid to employees is $1,750. The accounts payable balance of $8,500 consists of the $3,250 office supplies purchase and $5,250 in employee salaries yet to be paid. The company's rent expense, telephone expense, and miscellaneous expenses are paid in cash. No cash has yet been collected on the $14,000 consulting revenue earned. Using the above information prepare a December statement of cash flows for Ernst Consulting Note: Cash outflows should be indicated by a minus sign. ERNST CONSULTING Statement of Cash Flows For Month Ended December 31 Cash flows from operating activities Cash received from customers $ 0 Cash flows from investing activities Cash flows from financing activities